This chapter shall remain in effect and shall not terminate so long as the Authority's mortgage remains outstanding and unpaid or the Authority has any interest in the property, or the housing development remains subject to income and rent restriction pursuant to Section 42 of the Internal Revenue Code of 1986, as amended, provided that construction of the housing development commences within a two-year period of the effective date of this chapter.
(Ord. 2000-05. Passed 3-21-00.)